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Nov 20, 2012
11/12
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mediation was requested by a u.s. bankruptcy judge yesterday who noted a private negotiation had not been attempted and should be before 18,000 jobs are put to pasture. we spoke to the ceo outside the courthouse yesterday. he said he would support anything that saved jobs. several potential bidders could take twinkies and other brands off of hostess' hands, only if it liquidates. they could kick the tires on an investment, but it's unlikely there would be a buyer for the whole company. that will be the scenario if a deal isn't reached today. there's an 11:00 a.m. court appointment tomorrow on a potential liquidation. >> all right, kayla. thanks very much. we'll be watching that as it develops. so what happens next? hewlett-packard disclosing an $8.8 billion accounting charge this morning because it massively overvalued a company called autonomy that hp acquired last year. hewlett ceo says her company was duped. the founder of the company at the center of the controversy is up next. he's going to give us his side of th
mediation was requested by a u.s. bankruptcy judge yesterday who noted a private negotiation had not been attempted and should be before 18,000 jobs are put to pasture. we spoke to the ceo outside the courthouse yesterday. he said he would support anything that saved jobs. several potential bidders could take twinkies and other brands off of hostess' hands, only if it liquidates. they could kick the tires on an investment, but it's unlikely there would be a buyer for the whole company. that...
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Nov 20, 2012
11/12
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u.s., as well. cac 40 down half a percent. weighed town by the moody's downgrade, although expected. and ibex done around 0.4%. french debt market, yields are up to 2.1%. treasuries slightly higher, but still below 6%. ten year bund yields slightly lower. so france is trading with the peripheral in that sense. euro-dollar, 1.2794 is where we stand, dipping slightly on on the back of the french downgrade. dollar-yen 81.26, but the yen has been down at acceseven mont lows. aussie dollar slightly weaker against the u.s. dollar. rba minutes suggesting that their policymakers consider further monetary easing may be appropriate. still to come, we'll be in athens and brussels. euro group reportedly close to signing off on the next tranche aid. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. get o
u.s., as well. cac 40 down half a percent. weighed town by the moody's downgrade, although expected. and ibex done around 0.4%. french debt market, yields are up to 2.1%. treasuries slightly higher, but still below 6%. ten year bund yields slightly lower. so france is trading with the peripheral in that sense. euro-dollar, 1.2794 is where we stand, dipping slightly on on the back of the french downgrade. dollar-yen 81.26, but the yen has been down at acceseven mont lows. aussie dollar slightly...
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Nov 13, 2012
11/12
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meanwhile the agenda in the u.s., the monthly u.s. federal budget statement will be released at 2:00 p.m. 3:30, janet yellen will speak with central bank communication. and on the earnings front, we get numbers before the open fho depot, michael kors. after the close, cisco systems. >> the u.s. holiday shopping system officially kicks off black friday, the day after thanksgiving. but for consumers in the new york city area, finding that perfect holiday gift may not be the first thing on their minds. they're continuing to clean up after hurricane sandy. before the storm struck, a majority of chains were fairly confident about the holidays expecting sales to be the same or better than last year. joining us now is executive vice president of the retail council of new york. ted, good morning. we spoke with you last just after the storm. and your sense wasn't clear yet as to what the impact would be. and that ben foit a home dae poe and the other suppliers or would it hurt results for retailers broadly speaking. do you have anymore clarity
meanwhile the agenda in the u.s., the monthly u.s. federal budget statement will be released at 2:00 p.m. 3:30, janet yellen will speak with central bank communication. and on the earnings front, we get numbers before the open fho depot, michael kors. after the close, cisco systems. >> the u.s. holiday shopping system officially kicks off black friday, the day after thanksgiving. but for consumers in the new york city area, finding that perfect holiday gift may not be the first thing on...
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Nov 12, 2012
11/12
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u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the bad loans have been on the rise this year, mostly due to the difficulties in management of some industries. but the overall bank as a quality stable and the risk is under control. ratio almost the same as that at the beginning of the year, far lower of the world's major banks. >> regulators and bank executives said that chinese banks have spread the loans across several different sectors including steel and solar panels help to go mitigate the risk, however there is still widespread concerns that overcapacity in severa
u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the...
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Nov 28, 2012
11/12
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u.s. down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain even today as the country's banks are being more fully examined in light of the national examination plans. the dollar/yen pulling back about half a percent to 8167. let's get to deirdre bolton from singapore. hi, deirdre. >> hi, kelly, how are you? and it's morris, by the way. but i'm flattered that you call me bolton. in china and hong kong, it was all about, what else, the fiscal cliff. those comments from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that a
u.s. down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain even today as the country's banks are being more fully examined in light of the national examination plans. the dollar/yen pulling back about half a percent to 8167. let's get to deirdre bolton from singapore. hi, deirdre. >> hi, kelly, how are you? and it's morris, by the way. but i'm flattered that you call me bolton. in china and hong kong, it was all about, what else, the fiscal...
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Nov 5, 2012
11/12
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the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china preparing for the once in a decade political handover. we'll take a lower look at the new leadership. >> when the redskins win or lose, it has predicted the top winner since 1980. there has been a notable expossession of 1984. >> although gore did win the popular vote but not the electoral college. >> in 2000. >> that's right. >> the all-important football -- i should say american football indicator here. it points towards a romney victory. >> besides all that, plenty corporate news. hsbcs has set aside an additional $800 mill
the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china...
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Nov 27, 2012
11/12
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u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level there. the aussie dollar doing a little bit abouter despite that weak number on the shanghai composite. sterling is flat. we'll get into that more later. and euro-dollar just barely higher today, we did see it rallying over the 1.30 mark last night. as we look at crude rallying adding a third of a percent. brent about a quarter of a percent. copper, we're adding 0.2%. 354 bucks on that contract. the real foe you can as we continue to examine whether china's economy is fundamentally hanging in there, co
u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level...
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Nov 14, 2012
11/12
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a quick look at u.s. futures. we've seen green across the board and the dow is still trying to add about 65 points there at the open. the nasdaq and s&p 500 after posting losses are pointed higher as well. >> european stocks have steadily made some gains throughout the morning session here. we've been listening today that -- sorry, i misspoke. ftse 100 down .4. the ibex is the one that is up. >> they have been moving lower in the last hour or so. take a look at the bonds, we're still seeing green for spain and italy. so at least the rotation is holding up. yield in spain and italy falling. italy also had that bond auction helping to meet its four-year funding goals. guilts strengthening in the uk, 1.75%. germany still under 1.4. >> in the united states, october retail sales are out at 8:30 eastern. we get the october ppi. producer prices are expected to rise .2% and by .1 when you strip out food and energy. then at 10:00 a.m., september business inventories released. at 2:00 p.m., we'll get the minutes from last m
a quick look at u.s. futures. we've seen green across the board and the dow is still trying to add about 65 points there at the open. the nasdaq and s&p 500 after posting losses are pointed higher as well. >> european stocks have steadily made some gains throughout the morning session here. we've been listening today that -- sorry, i misspoke. ftse 100 down .4. the ibex is the one that is up. >> they have been moving lower in the last hour or so. take a look at the bonds, we're...
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Nov 27, 2012
11/12
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meanwhile, as this is happening, the u.s. postal service is scaling back its operations because it's completely broke. that means more business for shipping companies like fedex. why federal express rather than united parcel? u.p.s., pretty good outfit. fedex came out with a one-two punch of disappointments in september, reporting a quarter they missed even as already lowered expectations. the slowing global economy crushed the company's international express business. even as the more profitable ground shipping side of the business did better. however, there's a positive side to fedex's disappointing numbers and it's this. they reset expectations down to a lower level where they could be beaten in the future. like ross stores. that's how fedex is now actually trading slightly above where it was when it preannounced to the downside on september 4th. the real catalyst, though, fedex announced a major restructuring in its analyst day on october 10th. i pick it regularly at my charitable trust. think of fedex as the ultimate sel
meanwhile, as this is happening, the u.s. postal service is scaling back its operations because it's completely broke. that means more business for shipping companies like fedex. why federal express rather than united parcel? u.p.s., pretty good outfit. fedex came out with a one-two punch of disappointments in september, reporting a quarter they missed even as already lowered expectations. the slowing global economy crushed the company's international express business. even as the more...
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Nov 29, 2012
11/12
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u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds creeping back up to 1.4% level. let's key in on currency. the aussie dollar despite the broader risk-on attitude a weaker. dollar-yen moving higher 82.13. and the nikkei is adding to its string of gains throughout the month. euro-dollar rebounding off yesterday's trading session to add 0.1%. let's check in on how the asia trading session went overnight and for more, deidre wong morris joins us from singapore. >> well, it was a very good session over here, as well. headline driven. but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is anything that policymakers or investors can
u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds creeping back up to 1.4% level. let's key in on currency. the aussie dollar despite the broader risk-on attitude a weaker. dollar-yen moving higher 82.13. and the nikkei is adding to its string of gains throughout the month. euro-dollar rebounding off...
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Nov 8, 2012
11/12
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the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually going to do. two, you're looking at the greeks want a two-year extension which means another $40 billion to $50 billion to fund that. who is going to come one that and the country in europe resisting it and three the question of the imf whoa looked at the whole situation and said look unless this say sustainable way to pay back the debt, we're not going to fund. >> mark -- >> then you have the issue -- sorry. >> no, go ahead. >> spain is in terrible financial problems, the highest unemployment rate in europe and there y
the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually...
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Nov 12, 2012
11/12
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u.s. equity futures. dow and s&p coming off their worst week since july 4th. you can see they are indicated higher, but maybe not the bounce you might have expected. the dow up 23. >> squawk sports new, texans beating the bears 13-6. foster finished with 102 yards rush and touchdown catch and texans intercepted cutler twice before knocking him out with a concussion. >> no comment about the jets? >> they lost. >> andrew, here's the deal. >> did you see rex ryan -- >> the giants won the super bowl last year. a lot of people have told him he's fat and he should shut up. he's not fat anymore. she just shut up. but sanchez, you brush up against him and the ball goes flying out. >> they've been going back and forth. >> when the giants are the defending the super bowl champions and they got their butts kicked by the bengals and the other game unbelievable is johnny football. texas a and m and alabama, that was unbelievable. alabama number one. texas a and m just joined the sec. and this guy johnn
u.s. equity futures. dow and s&p coming off their worst week since july 4th. you can see they are indicated higher, but maybe not the bounce you might have expected. the dow up 23. >> squawk sports new, texans beating the bears 13-6. foster finished with 102 yards rush and touchdown catch and texans intercepted cutler twice before knocking him out with a concussion. >> no comment about the jets? >> they lost. >> andrew, here's the deal. >> did you see rex ryan...
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Nov 28, 2012
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but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's liquidation given the battles between management and the unions. some of this is -- >> they think there's going to be retaliatory moves to say forget -- >> and that they're going to line their pockets and, you know, on the way out. they, of course, are creditors as is so many others. >> we don't have any twinkies. >> no, you don't. >> we ate them all? >> those were already gone. we have devil dogs, funny bones, we have other ones, ring dings. >> ho hos. >> lemon cupcakes. >> while we're talking of ho-hos, quick check of t
but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's...
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Nov 26, 2012
11/12
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it's gotten to the point where the u.s. federal government filed an amicus brief on behalf of argentina because it's so problematic. the judge has the authority, he has jurisdiction over u.s. institutions and he can say go ahead, defy me, which is what he's done. he's done this on purpose -- >> the u.s. government has filed on the other side. filed the amicus brief on the other side. >> right but he is so furious with argentina, fighting with them for ten years n his '80s, berates their lawyers in court all the time about all of these issues, he's had it and wants to bring this issue to a head now. she has said no way, federal court. >> they claim they're going to appeal, it will be difficult to get an appeal. december 15th will be extremely interesting to see what happens. this story keeps on giving. christi christina kirchner was worried because they've seized a vessel in the port of ghana recently. we'll see what finally happens when it finally gets done. >> steve you have any thoughts on how that might affect more broad
it's gotten to the point where the u.s. federal government filed an amicus brief on behalf of argentina because it's so problematic. the judge has the authority, he has jurisdiction over u.s. institutions and he can say go ahead, defy me, which is what he's done. he's done this on purpose -- >> the u.s. government has filed on the other side. filed the amicus brief on the other side. >> right but he is so furious with argentina, fighting with them for ten years n his '80s, berates...
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Nov 20, 2012
11/12
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the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning. actually today fed chairman ben bernanke's speech at the economics sclub of new york is coming up at 12:15 eastern time. traders will be listening no any comments on the central bank's operation twist program and discussions about changing how the fed communicates about interest rates. operation twist expires next month. and there is some speculation the fed will continue making asset purchases by expanding the size of its $40 billion a month quantitate of it easing program. also on the economic agenda today, oc
the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning....
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Nov 13, 2012
11/12
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the u.s. trading session, even as people are feeling more optimistic resolving the fiscal cliff, the situation in europe is continuing to worry people. back over to you. >> kelly, thank you very much. >>> if there's gloom and doom out there, mark fc faber will f it. he joins us live from hong kong. we know that you're warn building this big meltdown. how much of that is because of the fiscal cliff, how much because of the election? we haven't had a chance to talk to you since the election. what do you think? >> actually i'm so happy to be on your show because whenever i feel depressed and i see you, you group of people that are so optimistic, i feel enlightened and again full of life. so i think actually you should open up a clinic for depressed people and you would do very well because everybody would be good after talking to you. >> but would we be fooling them into feeling good? >> i think the point is i don't think markets are going down because of greece or the fiscal cliff because there
the u.s. trading session, even as people are feeling more optimistic resolving the fiscal cliff, the situation in europe is continuing to worry people. back over to you. >> kelly, thank you very much. >>> if there's gloom and doom out there, mark fc faber will f it. he joins us live from hong kong. we know that you're warn building this big meltdown. how much of that is because of the fiscal cliff, how much because of the election? we haven't had a chance to talk to you since the...
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Nov 30, 2012
11/12
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they think of the u.s. being center right. and much to joe's chagrin, the u.s. is center right in an election year. fiscal cliff. >> it's fiscally center. i don't know if it's center right. >> martin, what's happening around the globe in terms of you're talking about -- >> i wish i knew because it's very mucky. it's tough. and i think clients have actually gone from looking -- >> i'm looking up the same thing. >> clients have gone from looking at annual for quarterly. i think we saw in september really rapid adjustments by clipts clients. july and august were okay. september was tough. october was better than we thought. but it's very uncertain. they're finding it very difficult to predict consumer behavior in the short term. >> and as a result they're pulling back? >> as a result they're being very cautious. so while you have the fiddling this washington and we saw that in the summer of 2011, exactly the same situation -- >> do you blame this on the fiscal cliff in part? >> it's part of it. we talk about four gray swans, eurozone, middle east, china, hard/soft
they think of the u.s. being center right. and much to joe's chagrin, the u.s. is center right in an election year. fiscal cliff. >> it's fiscally center. i don't know if it's center right. >> martin, what's happening around the globe in terms of you're talking about -- >> i wish i knew because it's very mucky. it's tough. and i think clients have actually gone from looking -- >> i'm looking up the same thing. >> clients have gone from looking at annual for...
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Nov 6, 2012
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the u.s., ford, gm, doing well. japanese automaker selling to china not doing so well. foreign automaker selling into china doing well at bmw. >> i think the suzuki thing mirrors what's happening at ford. >> i had an eye on one of their models. >> which one? >> the one with the four wheels. >> i have a harley in my garage. >> i'm not kidding. >> which garage is it by the way? do you even know? >> one of them is flooded. are you happy with that? >> is there a side car at leas.? >> i have tattoos all of the way up you just don't see them. suzuki blinking, ford, blinking, gm starting to blink. there's anti-globalization going on that we have to notice. some people say that i can't hack it in these markets. toyota was good. bmw was downbeat in terms of future. it wouldn't be something if everyone recognized what alcoa recognized. maybe it's too hard to be global. maybe it's too hard. go, suzuki was broken by the yen. it's hard to do business when you have these currency wars going on. >> how about
the u.s., ford, gm, doing well. japanese automaker selling to china not doing so well. foreign automaker selling into china doing well at bmw. >> i think the suzuki thing mirrors what's happening at ford. >> i had an eye on one of their models. >> which one? >> the one with the four wheels. >> i have a harley in my garage. >> i'm not kidding. >> which garage is it by the way? do you even know? >> one of them is flooded. are you happy with that?...
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Nov 21, 2012
11/12
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flight attendants at u.s. airways voted to authorize a strike to workers that voted down a contract that the airline had proposed twice this year. the airline, as you probably know, andrew loves this story, too, is in talks with american airlines about a potential merger. >> should have done this eight months ago, they would have saved themselves a lot of heartache. this is just dragging out for no reason. >> yeah. you just figure they're meant to be together. >> otherwise amr is meant to be nowhere is sort of the issue. >>> in global market news, japan logging its fourth straight trade deficit in october. the european debt crisis with china over a territorial dispute actually reduced exports. and we continue to follow the latest developments out of the middle east. secretary of state hillary clinton traveled to the west bank this morning to meet with palestinian president mahmoud abbas. abbas heads the west bank, while the palestinian militant group hamas controls the gaza strip. hamas is considered a terrori
flight attendants at u.s. airways voted to authorize a strike to workers that voted down a contract that the airline had proposed twice this year. the airline, as you probably know, andrew loves this story, too, is in talks with american airlines about a potential merger. >> should have done this eight months ago, they would have saved themselves a lot of heartache. this is just dragging out for no reason. >> yeah. you just figure they're meant to be together. >> otherwise amr...
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Nov 27, 2012
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customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the call? is he returning our calls? yeah, call me. judge denied a similar request in february. and while corzine has stepped down, some executives remain at the company and they're assisting in its wind down. >>> bankruptcy beard dino, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devast
customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the...
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Nov 1, 2012
11/12
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it really is amazing when the u.s. is screwing up in europe. >> honda's spending 200 million to make some transmission plans in ohio, they're trying to make north america their main base for manufacturing. >> talk about japanese companies, though. >> panasonic. >> panasonic has a $12 million write off. >> it has to be sharp, sharp, sharp. and they have concerns about their ability to operate as a going concern. they're looking at investments from on high. the china protests are going to work out. >> this is as much as a stiff today, it's a 30-year low. >> these are huge companies, the vhs, beta max work. that's a good point actually. >> these are all the leaders. these were all the leaders that you think about. >> i remember when there was a period in 1998 and 1999 it was a question of who was going to rule the world, panasonic or sony. >> look, we were talking about japan, we'll see whether that proves to be correct. >> now they're nothing, now they're no wrrks now they're dinosaurs. >> we're not saying that apple's g
it really is amazing when the u.s. is screwing up in europe. >> honda's spending 200 million to make some transmission plans in ohio, they're trying to make north america their main base for manufacturing. >> talk about japanese companies, though. >> panasonic. >> panasonic has a $12 million write off. >> it has to be sharp, sharp, sharp. and they have concerns about their ability to operate as a going concern. they're looking at investments from on high. the china...
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Nov 7, 2012
11/12
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kelly evans is live at the u.s. embassy in london where it is almost 1:00 in the morning but no one is going to sleep quite yet. good morning, kelly. >> carl, good morning. if anything, the party here is just getting going. as you said i'm at the u.s. embassy in london. mind me one of the many rooms 12 to 1300 guests are expected in and out. they have tons of screens to watch the results come in and there are sponsors galore, mcdonald's, starbucks, jack daniels, goodman sacks. we are in the heart of mayfair a heavily financial as well as political crowd and the ambassador louis susman, while an obama employee, a pretty bipartisan group here as well. republicans and democrats abroad have their booths set up, handing out little favors and they're taking pictures with their mitt romney and barack obama cutouts. it's also not just americans, though, as i -- as the ambassador mentioned when i spoke with him a few moments ago, it's also pretty international crowd. >> i've seen people from russia, from israel, all over. th
kelly evans is live at the u.s. embassy in london where it is almost 1:00 in the morning but no one is going to sleep quite yet. good morning, kelly. >> carl, good morning. if anything, the party here is just getting going. as you said i'm at the u.s. embassy in london. mind me one of the many rooms 12 to 1300 guests are expected in and out. they have tons of screens to watch the results come in and there are sponsors galore, mcdonald's, starbucks, jack daniels, goodman sacks. we are in...
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Nov 5, 2012
11/12
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CNBC
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right now look at u.s. equity futures, markets are under a little bit of pressure, s&p futures down by over 5 points. "squawk" will be right back. [ female announcer ] i found the best cafe in the world. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> welcome back to "squawk box," making headline this is morning, southern company is reporting weaker than expected third quarter earnings in revenue, that was before the bell today. the atlanta-based electricity company says results were hurt by milder than normal weather and an uncertain economy. else where, rockwell automation quarterly earnings there and sales topped wall street estimates. this company makes factory automation equipment input costs climbed during the period and shares of transocean are getting a boost this morning after the company reported a higher than expect
right now look at u.s. equity futures, markets are under a little bit of pressure, s&p futures down by over 5 points. "squawk" will be right back. [ female announcer ] i found the best cafe in the world. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> welcome back to "squawk box,"...
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Nov 9, 2012
11/12
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CNBC
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u.s. airways is a partner of ours, if u.s. airways merges, it would leave the star lines, that would not be good for us but on the other hand consolidation would be good and the benefits would far outweigh the cost. i think consolidation is a good idea. >> what are the benefits of consolidation? >> we've had way too many business plans chasing way too few passengers and way too much capacity in this business, it's been a fractured business and consolidation resulted in much more rational pricing and discipline. >> not just for consumers. >> i think it's good for consumers to have healthy airlines that will be there today and be there tomorrow and can make the investments in the product and the root structure. >> 787, would i know if i got on it would be so much better? >> you would know. it's incredible. >> why? >> because it is a quiet airplane, it's a spacious airplane. it's got great humidity. >> you don't dry out. >> more oxygen, big windows. it's a terrific airplane. it is so quiet, almos like being in an electric car. it
u.s. airways is a partner of ours, if u.s. airways merges, it would leave the star lines, that would not be good for us but on the other hand consolidation would be good and the benefits would far outweigh the cost. i think consolidation is a good idea. >> what are the benefits of consolidation? >> we've had way too many business plans chasing way too few passengers and way too much capacity in this business, it's been a fractured business and consolidation resulted in much more...
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Nov 27, 2012
11/12
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we're confident we can sell more than all the cars in the u.s. without a shadow of a doubt. >> real quick. christmastime is the time of year when luxury seams go through the roof. why is that here in the united states? you're expecting a big december. >> we're expecting an enormous december with new cars like this and the jaguar f type getting interest as well. i think it's institutionalized. we create a big december. the martin, the lease payments and whole industry gets behind the market. from thanksgiving onwards it really generates a big car market. >> andy goss, president of jaguar and land rover in the united states. sales this year up 18% for land rover here in the u.s. this goes on sale mid-december. carl. >> all right, phil. enjoy l.a. we'll see you in a little bit. senator dick durbin a member of the boles-simpson commission and the so-called gang of eight lag out the progressive case for a bipartisan fiscal cliff deal. we'll bring you headlines as they happen. when we come back, men have a rep utation for hagting to shop. we'll tell yo
we're confident we can sell more than all the cars in the u.s. without a shadow of a doubt. >> real quick. christmastime is the time of year when luxury seams go through the roof. why is that here in the united states? you're expecting a big december. >> we're expecting an enormous december with new cars like this and the jaguar f type getting interest as well. i think it's institutionalized. we create a big december. the martin, the lease payments and whole industry gets behind the...
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Nov 16, 2012
11/12
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u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be so stupid as to go over the cliff, then i think you'll see the market really crash and i think you'll see the rating agencies downgrade our credit again, you'll see fitch and moody's join s&p. i think you'll see corporations lose confidence. you'll see them slow down hiring, stop capital xebd churs, capital will go on on strike, it will be a hell of a mess. >> leaders of both parties think it would be to their advantage to go off the fiscal cliff. what a 12 straight that is, that we could win more as democrats
u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and...
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Nov 26, 2012
11/12
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it's more than just a u.s. story. looking into europe, emerging markets if you have a longer term time horizon. commodities. all of these things are going to be part of it and nickel and dime your nay. we don't swing for the fences. >> good stuff. thanks very much. >>> next on the program, research in motion, the target of bullish calls over the last couple trading sessions. we're going to talk about the launch of black berttblackberry. >> winklevoss will drop by and talk about why they invested 750,000 into one specific deal. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race trac
it's more than just a u.s. story. looking into europe, emerging markets if you have a longer term time horizon. commodities. all of these things are going to be part of it and nickel and dime your nay. we don't swing for the fences. >> good stuff. thanks very much. >>> next on the program, research in motion, the target of bullish calls over the last couple trading sessions. we're going to talk about the launch of black berttblackberry. >> winklevoss will drop by and talk...
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Nov 21, 2012
11/12
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kayla is outside u.s. bankruptcy court in white plains, new york, with yet, kayla, another disappointment, right? >> reporter: it is, carl. this building behind me has come to be known as the de facto hostess funeral home. sgit that hail mary effort yesterday between hostess executives and the bakers u.n. to try union, they tried to come to a deal. they couldn't. now it's back to square one, what the judge was discussing on monday, a potential liquidation. they wanted to avoid it. they wanted to avoid costing as many jobs as it would. 18,500 people. that's how many people hostess employs. here's some issues that are going to be on the docket for certain. there is a motion by a trustee to liquidate the company in chapter 7, not chapter 11. what that means is new management would be appointed to affect the winddown, not the current management in place. another motion deals with executive pay. right now the executives are slated to get about $1.75 million as part of the wind-down effort. also a motion over wh
kayla is outside u.s. bankruptcy court in white plains, new york, with yet, kayla, another disappointment, right? >> reporter: it is, carl. this building behind me has come to be known as the de facto hostess funeral home. sgit that hail mary effort yesterday between hostess executives and the bakers u.n. to try union, they tried to come to a deal. they couldn't. now it's back to square one, what the judge was discussing on monday, a potential liquidation. they wanted to avoid it. they...
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Nov 1, 2012
11/12
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at least 74 people have died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in about 30 minutes. the mta is also getting back to business with new york city subways offering limited service starting today. the m tcta is waiving all fees until tomorrow. so good news there. >> we're looking for any good news so thank you. the eye of hurricane sandy has hit the jersey shore hard. it wiped away entire economies. president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of
at least 74 people have died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in...
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Nov 6, 2012
11/12
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donald trump is on the u.s. in line. how confidence do you think the ballot you cast will help romney win? >> it's going to be, joe, a very, very close election, possibly record-setting. somebody said to me the other day you might have six floridas of a few years ago which was a disaster but it's going to be a very, very close election and very important election. >> it's, i don't know whether the tone matters from the people that we're talking to, but the people that are backing president obama say he's going to win. the people that are backing candidate romney, governor romney are saying it's going to be a close election. i don't know what that means. >> well, joe, it's all words right now. we're at the point where we'll find out probably tonight, maybe tomorrow, and maybe in a week from now. lot of people don't understand, this thing could go a long time before we find out who the winner is but it's going to be very close. i think people have great hope, and probably they have great hope on both sides, but you know, i
donald trump is on the u.s. in line. how confidence do you think the ballot you cast will help romney win? >> it's going to be, joe, a very, very close election, possibly record-setting. somebody said to me the other day you might have six floridas of a few years ago which was a disaster but it's going to be a very, very close election and very important election. >> it's, i don't know whether the tone matters from the people that we're talking to, but the people that are backing...
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Nov 7, 2012
11/12
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if the u.s. continues to recover and the fed's allowed to do -- despite all the risks of the fed being wrong, when the economy recovers, the fed will start to move stuff away and dollar will strengthen. so i don't think outside politicians should have so much noise about the issues. >> jim, this is jared here. suppose as part of a deal going forward that the president and democrats were able to get some fiscal policy that was actually stimyoulative, something targeting job growth. that would help to complement the low rates from the fed and it would also be a statement kind of looking at europe that austerity really hasn't worked so well, vis-a-vis growth. do you think that would be useful? >> i'm in that camp. i think the europeans have been trying to push too much -- everybody counts fiscal policy around the world at the same time. it's kind of crazy by definition. so if for some miraculous reason congress could pull it off, that would be good for many reasons. it feels to me, the u.s. economy
if the u.s. continues to recover and the fed's allowed to do -- despite all the risks of the fed being wrong, when the economy recovers, the fed will start to move stuff away and dollar will strengthen. so i don't think outside politicians should have so much noise about the issues. >> jim, this is jared here. suppose as part of a deal going forward that the president and democrats were able to get some fiscal policy that was actually stimyoulative, something targeting job growth. that...
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Nov 26, 2012
11/12
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CSPAN2
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also the u.s. reluctantly took the same british commitments came later with the fall of the shot and the iranian revolution and the west had to rely on saudi arabia in the aftermath of british withdraw because of america's involvement of vietnam. with the primary killer now gone united states had to figure out a way to project military powers they would no longer shepard after interest in the region. with the carter restoration the annunciation of the carter doctrine in this "state of the union" speech carter said in the attack on western interest in the persian gulf represents the attack and u.s. vital interest and they will be prepared to use military force in defense of those interest. i paraphrase. but we did not have robust military to provide the opportunity. but it was the step the united states took to assume security responsibilities in the gulf. the next that the west took to assume those same duties came into the iran and iraq war beginning in 1980 continuing through the '80s. and throug
also the u.s. reluctantly took the same british commitments came later with the fall of the shot and the iranian revolution and the west had to rely on saudi arabia in the aftermath of british withdraw because of america's involvement of vietnam. with the primary killer now gone united states had to figure out a way to project military powers they would no longer shepard after interest in the region. with the carter restoration the annunciation of the carter doctrine in this "state of the...
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Nov 25, 2012
11/12
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FBC
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njohnathon wayne mentioned the port of oaklandnd six percent of all u.s. goods. that is the union's point to cause disruption and hurt the economy. and i tell you, they have every right to strike but the employers have the rht to kick the ass to the curve. a job is a mutually agreeable trade. employers offering a job and if they don't like hit the brickings. >> do you think it is bador the economy over all. we are in a fiscal cliff and rough waters here and now this to deal with? >> i think it could be bad for the econy. they have the merchandise and this is not going to affect thanksgiving shopping season and christmas most likely. but look at history. 1948 we had five million workers on strike and it crippled the economy. the taft hartley act brought back the boom. that is it breaking of the unions and created the boom that eisenhower had. if these union heads go forward. this could hurt the economy. >> tracey, you made the point about the retailers, it could hurt the consumer spending as well the economy needs that right now. and economist looking to the holid
njohnathon wayne mentioned the port of oaklandnd six percent of all u.s. goods. that is the union's point to cause disruption and hurt the economy. and i tell you, they have every right to strike but the employers have the rht to kick the ass to the curve. a job is a mutually agreeable trade. employers offering a job and if they don't like hit the brickings. >> do you think it is bador the economy over all. we are in a fiscal cliff and rough waters here and now this to deal with? >>...
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the u.s. federal courts have ruled that basically argentina has to pay everybody out all those hundred billion dollars in bonds so i'm going to go to a story in argentina that is like a an analogy for what argentina did back in two thousand and two man set on fire in argentina over debt a man was arrested on monday in buenos aires for allegedly setting another man on fire during an argument over unpaid debt the debtor apparently thoroughly doused the collector with a flammable liquid set him on fire and then let the victim burn closing the front door before fleeing on foot but a group of local residents caught him and called the police so this is what argentina did to their creditors at the same time they were the debtors they set the creditors on fire but a few survived and they've come back to haunt them. because they got some of those jews. to give them immunity from being burned up by the creditors now there's clearly stating that the problem is that when you have a system run by bankers f
the u.s. federal courts have ruled that basically argentina has to pay everybody out all those hundred billion dollars in bonds so i'm going to go to a story in argentina that is like a an analogy for what argentina did back in two thousand and two man set on fire in argentina over debt a man was arrested on monday in buenos aires for allegedly setting another man on fire during an argument over unpaid debt the debtor apparently thoroughly doused the collector with a flammable liquid set him on...
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Nov 19, 2012
11/12
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CSPAN
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we will hear from the u.s. ambassador to china. our live coverage begins tomorrow at 9:15 on c-span2. >> the mindset of the world, was into the mid 1990's that wire line access would -- with stuff on poles or in the ground was the key to understanding telecommunications. the intriguing part of the wireless story is how very few people inside the industry - back- that is why the report came out the way it did. it must not just the fcc who did not understand the potential of the wireless. it was the entire industry. except for a few visionaries who were regarded as kooks. turned out to be the case was the hope that some people had that you could have a robustly competitive fixed line access industry, where a half dozen companies are offering telephone service over luetkemeyer. -- over wire. that vision was mistaken. >> 30 years later, was a good idea to crank up at&t. monday night at 8:00 eastern on c-span2. >> now british prime minister david cameron discusses the uk's economic and foreign policy. this will be his third time speakin
we will hear from the u.s. ambassador to china. our live coverage begins tomorrow at 9:15 on c-span2. >> the mindset of the world, was into the mid 1990's that wire line access would -- with stuff on poles or in the ground was the key to understanding telecommunications. the intriguing part of the wireless story is how very few people inside the industry - back- that is why the report came out the way it did. it must not just the fcc who did not understand the potential of the wireless....
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Nov 17, 2012
11/12
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CNNW
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the u.s. and other nations are urging both sides to show restraint. >>> but there were more air strikes and explosions in gaza today and more rockets fired toward israel. >>> in aurora, colorado, details have been finalized for dividing up the $5 million for victims of july's theater shooting. families of the 12 people killed and 5 people who suffered permanent brain damage or paralysis will get 2$220,000 each. six people who spent at least 20 days in the hospital will get $160,000 each. 13 others who spent less time hospitalized will get $35,000 each. >>> in the gulf of mexico, the coast guard is searching for two crew members from an oil platform. an explosion ripped through the platform yesterday. it is about 20 miles from the louisiana coast and it's used for production, not drilling. very little fuel, we're told, was spilled. >>> we now know the train that crashed into a parade float in midland, texas, was going under the speed limit. investigators say the conductor hit the emergency brak
the u.s. and other nations are urging both sides to show restraint. >>> but there were more air strikes and explosions in gaza today and more rockets fired toward israel. >>> in aurora, colorado, details have been finalized for dividing up the $5 million for victims of july's theater shooting. families of the 12 people killed and 5 people who suffered permanent brain damage or paralysis will get 2$220,000 each. six people who spent at least 20 days in the hospital will get...
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and superstorm sandy wreaks havoc across the northeastern u.s. leaving one hundred dead millions called the country's most expensive presidential campaign to date in a tailspin. no peace for post gadhafi libya as the country's two major cities are attacked and grenade strikes the security headquarters in tripoli while a car bomb was detonated in. truth under attack in greece journalists show solidarity with whistleblowers who are being silenced while trying to expose a government wrong. found swastikas fly in the streets of moscow russia's most radical nationalists emerge in the capital and nationwide aiming to stir up divisions on the country's day of unity. with the stories that made headlines this week this is the weekly on our with me rory solution and while voices in florida lined up to cast their ballot in early voting those in new york are lining up for fuel rations and blankets much of the big apple remains paralyzed with tens of thousands still without power heat or hot water all nearly a week after superstorm sandy ripped through his ar
and superstorm sandy wreaks havoc across the northeastern u.s. leaving one hundred dead millions called the country's most expensive presidential campaign to date in a tailspin. no peace for post gadhafi libya as the country's two major cities are attacked and grenade strikes the security headquarters in tripoli while a car bomb was detonated in. truth under attack in greece journalists show solidarity with whistleblowers who are being silenced while trying to expose a government wrong. found...
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Nov 15, 2012
11/12
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KQED
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walmart committed $2 billion to fighting hunger in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. tavis: please welcome keira knightley to this program. this friday you can catcher in the film adaptation of the classic "anna karenina." hear a sampling of her other work. >> had not your pride heard by my honesty and your scruples. do expect to rejoice in the inferiority of your circumstances? >> and those are the words of a gentleman? your arrogance and his seat, your disdain for the feelings of others made me realize i was -- you were the last man in the world i could be prevailed upon to marry. >> do you know what i am talking about? you knew before i did. >> where are you crying? >> don't you know? >> freedom and moderation. >> precisely. >> surely you are full the best intentions. i would not spend my vote on so vague a statement. one is either free or what is not. the freedom concept is an absolute. one cannot be moderately dad or moderately loved or mode
walmart committed $2 billion to fighting hunger in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. tavis: please welcome keira knightley to this program. this friday you can catcher in the film adaptation of the classic "anna karenina." hear a sampling of her other work. >> had not your pride heard by my honesty and your scruples. do expect to rejoice in the inferiority of your...
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Nov 17, 2012
11/12
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KQED
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there are about to be honored in the u.s. at the kennedy center for transforming the sound of rock and roll and influencing other artists. led zeppelin split up in 1980. the perform a concert in 2007. what was it like getting back after all those years apart? legendary guitarist jimmy page has been talking to the bbc. >> there was a lot of preparation when we first did the first rehearsal. it was really exciting. everybody was trying to make it work. we needed to play in such a way that we all had confidence with each other. that needed -- that needed playing and getting to know each other, getting to know each other again. >> we see the interchange of expressions between all of you. is that the intention? it is almost like we've audience are on stage. bu>> it is sort of how it works. i think the interesting thing for most people who have seen that they have remarked upon the fact we sort of a group together. we are working around so we can see each other, and there is this interplay. because even though we had the structure
there are about to be honored in the u.s. at the kennedy center for transforming the sound of rock and roll and influencing other artists. led zeppelin split up in 1980. the perform a concert in 2007. what was it like getting back after all those years apart? legendary guitarist jimmy page has been talking to the bbc. >> there was a lot of preparation when we first did the first rehearsal. it was really exciting. everybody was trying to make it work. we needed to play in such a way that...